How To Claim Your Bonus

2. Deposit and place both a £10 back bet and a £10 lay bet on a minimum of two separate betting markets

3. Place your first back bet of £10 and your first lay bet of £10 and if either of your bets lose, you will be refunded the amounts of the bets that you lose as bonus funds

Exchange betting is slightly different from sports betting in that customers on the exchange have the option to both BACK and LAY bets. The BACK works in exactly the same way as a bet at a regular bookmaker but the LAY is where the punter becomes the bookie and offers odds on something not happening eg. A horse not winning a race or a team not winning a football match.

This kind of betting gives more control to the punters and it also gives the opportunity for better odds than any sportsbook. The exchange odds are usually always a point or two above those offered by traditional bookmakers. There is a commission to pay on winning bets but 1.15% – as offered by Matchbook – will ensure that the payouts are still higher than those at the bookies.

This means that even punters who never wish to place a LAY bet should be betting with Matchbook exchange as there are not only higher payouts but no limits on bets. Those who want to LAY will already know the benefits and now is the perfect time to get involved.

Matchbook are offering new customers a £20 free bet when they sign-up for an account using Bonus Code MAXCASH.

To claim the free bet, simply register with Matchbook and, when prompted, enter the MAXCASH code in the ‘Bonus Code’ box. This will automatically qualify you for the free £20 bet, which is easy to claim.

The bet will be credited to your account once you have placed two £10 bets at Matchbook – one a BACK and one a LAY.

This may seem a little confusing for the average punter but remember, a LAY bet is simply a bet against the person/horse/team winning. In a tennis match, for example, there are only to options so placing a LAY bet against the person you don’t think will win is the same as placing a BACK bet on the person that you think will win.

Once you have been credited with the £20 free bet, you can use is on any market you wish and it is the perfect way to get your exchange betting career up and running. Remember, one of the massive benefits of exchange betting is that you can change your mind in play and adjust your bets as an event progresses, without having to settle for a lower than market value ‘Cash Out’ option that you would at a traditional bookmakers.

The other benefits of exchange betting are no limits, ease of betting, better odds and quicker payouts. Who wouldn’t want that?